Emerging markets continue to draw the interest of exchange traded fund (ETF) investors, writes Carl Delfeld for ETF XRAY. For the fourth week in a row, the diversified global emerging market equity funds and ETFs posted the biggest inflows of any major equity fund group, according to EPFR Global.

$1.2 billion was put into those funds, bringing the year-to-date inflows up to $13.5 billion. For those keeping track at home, that’s three times the total for all of 2006! Investors are especially showing an affinity for the larger emerging economies, such as Brazil, Korea, China, Russia which collectively took in $878 million. BRIC (Brazil, Russia, India, China) funds took in another $480.6 million.

Mexico was one large emerging market that didn’t fare so well, as investors pulled the equivalent of 7.48% of their beginning of the week assets under management from Mexico Country Funds.

However, Brad Durham, a managing director of EPFR Global, cautions that if the weakening dollar turns into a destabilizing rout, investors may not continue to feel the love for emerging markets.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.